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Kee Song Bio-Technology Holdings (ROCO:1258) Cyclically Adjusted Book per Share : NT$22.64 (As of Mar. 2023)


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What is Kee Song Bio-Technology Holdings Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Kee Song Bio-Technology Holdings's adjusted book value per share for the three months ended in Mar. 2023 was NT$20.581. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$22.64 for the trailing ten years ended in Mar. 2023.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-06-22), Kee Song Bio-Technology Holdings's current stock price is NT$26.85. Kee Song Bio-Technology Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2023 was NT$22.64. Kee Song Bio-Technology Holdings's Cyclically Adjusted PB Ratio of today is 1.19.


Kee Song Bio-Technology Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kee Song Bio-Technology Holdings's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kee Song Bio-Technology Holdings Cyclically Adjusted Book per Share Chart

Kee Song Bio-Technology Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 20.23 21.46 22.32

Kee Song Bio-Technology Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.99 22.46 22.38 22.32 22.64

Competitive Comparison of Kee Song Bio-Technology Holdings's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Kee Song Bio-Technology Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kee Song Bio-Technology Holdings's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kee Song Bio-Technology Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kee Song Bio-Technology Holdings's Cyclically Adjusted PB Ratio falls into.



Kee Song Bio-Technology Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Kee Song Bio-Technology Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2023 was:

Adj_Book= Book Value per Share /CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=20.581/127.3478*127.3478
=20.581

Current CPI (Mar. 2023) = 127.3478.

Kee Song Bio-Technology Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201306 16.645 98.518 21.516
201309 16.713 98.790 21.544
201312 17.341 98.326 22.459
201403 18.545 99.695 23.689
201406 18.534 100.560 23.471
201409 19.014 100.428 24.111
201412 19.611 99.070 25.209
201503 19.441 99.621 24.852
201506 18.918 100.684 23.928
201509 19.824 100.392 25.147
201512 21.164 99.792 27.008
201603 23.529 100.470 29.823
201606 22.850 101.688 28.616
201609 23.225 101.861 29.036
201612 23.009 101.863 28.766
201703 23.028 102.862 28.510
201706 22.821 103.349 28.120
201709 23.389 104.136 28.602
201712 23.236 104.011 28.449
201803 23.721 105.290 28.691
201806 23.389 106.317 28.016
201809 20.152 106.507 24.095
201812 19.361 105.998 23.261
201903 19.349 107.251 22.975
201906 18.180 108.070 21.423
201909 17.705 108.329 20.813
201912 15.894 108.420 18.669
202003 13.565 108.902 15.863
202006 14.238 108.767 16.670
202009 15.087 109.815 17.496
202012 14.610 109.897 16.930
202103 14.777 111.754 16.839
202106 15.082 114.631 16.755
202109 14.208 115.734 15.634
202112 15.345 117.630 16.613
202203 16.306 121.301 17.119
202206 17.627 125.017 17.956
202209 16.681 125.227 16.964
202212 19.234 125.222 19.561
202303 20.581 127.348 20.581

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Kee Song Bio-Technology Holdings  (ROCO:1258) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Kee Song Bio-Technology Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.85/22.64
=1.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Kee Song Bio-Technology Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Kee Song Bio-Technology Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Kee Song Bio-Technology Holdings (ROCO:1258) Business Description

Traded in Other Exchanges
N/A
Address
Songjiang Road, 104, 8th Floor, No. 51, Zhongshan District, Taipei, TWN, 104
Kee Song Bio-Technology Holdings Ltd is engaged in the processing and distribution of meat products. This includes poultry, production, and sale of chicken as well as the trade of frozen meat and prepared food. It has two reportable segments; the Poultry and processing distribution segment which is engaged in the business of importing, slaughtering, wholesaling, and retailing poultry and consumable goods of all kinds; and the Poultry farming segment involved in the business of poultry farming. It derives a majority of its revenue from the poultry farming segment.

Kee Song Bio-Technology Holdings (ROCO:1258) Headlines

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